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Basemark Announces 1,4 Million Euro Investment and New Board Members

By June 15, 2018 No Comments

Industry Luminaries Mr. Klaus Zimmer and Mr. Jussi Harvela Join the Company’s Board of Directors

Helsinki, Finland, June 15, 2018 – Basemark announced it has successfully closed a 1,4 million Euro funding package and is strengthening its Board of Directors with Mr. Klaus Zimmer and Mr. Jussi Harvela joining as new members. At the same time, the company has made several other key appointments, including Mr. Josh Wert as Vice President, Legal and Administration.

The funding is a combination of equity investments made by established individuals, including Mr. Zimmer, Mr. Markus Waidelich, founder and Executive Managing Director of MicroFuzzy GmbH, Mr. Bruce C. Belliveau, CFA, Principal at ROMAN ARCH Clean Energy Finance and a former investment banking officer in corporate finance with Prudential Securities and Morgan Stanley Dean Witter, Pierre Gabris, Owner of Alpenrose Wealth Management International and former banker with Lombard Odier, and a loan facility backed by European Fund for Strategic Investments (EFSI).

“Having Mr. Zimmer and Mr. Harvela join our board of directors is a testament for the great progress we have made as a business and company. Both of these gentlemen bring unique and valuable know-how for us,” said Arto Ruotsalainen, CEO of Basemark. We’re systematically building a rapidly growing software company and the announced funding and appointments are part of this process. Our growth is based on strong customer demand for our Rocksolid Engine, a middleware for faster graphics and compute processing. You can think of Rocksolid being the oil that makes a machine run faster and smoother.”

Mr. Zimmer serves currently as member of the board of Neusoft Corp. He has 35 years established track record in international software business. Prior to joining Neusoft, Mr. Zimmer served as Chairman and CEO of SAP, North Asia. Original of Germany, he lives currently in Hong Kong and will have a strong role in driving Basemark’s growth in Asian markets.

“I have followed Basemark’s progress for a long time and am convinced about the market potential, the company’s technology as well as the management team’s capabilities,” said Mr. Zimmer. “The company delivered a difficult feat for any technology company already early in its history: A net income positive organic growth. This convinced me to invest in Basemark and thus help accelerate its expansion.”

Mr. Harvela brings his substantial 25 years of experience of growth stage company management and financing. Mr. Harvela currently serves as CEO of Tactotek, a leading provider of solutions for Injection Molded Structural Electronics. Earlier, he was CEO of Solid Information Technology which was acquired by IBM. Mr. Harvela is well known deal maker in the high-tech scene and he has served as advisor to, and invested in, several startups, including co-founding a venture capital fund Superhero Capital and Veturi Venture Accelerator. Mr. Harvela has also been a founding Board member of the leading startup fair SLUSH.

“Basemark is a company based on substantial and defensible unique technology and it has the potential to become a true global leader in its sector. The fact that the company has been growing this fast – and profitably – without substantial venture capital, is a strong proof of a great product-market fit and talent of the key personnel. I am excited to join the board of directors to help develop and scale up the organization and processes,” said Mr. Harvela.

About Basemark

Basemark Oy is a privately held stock corporation registered and headquartered in Helsinki, Finland. The company develops Rocksolid Engine, a world leading real-time graphics and compute software solution for mission critical industrial applications. Basemark also develops system performance evaluation tools such as Basemark GPU and Basemark Web 3.0. Basemark offers also professional software & design services across embedded, industrial and enterprise markets. For more information, please visit https://www.basemark.com.

Basemark and Rocksolid are trademarks or registered trademarks of Basemark Oy. All other mentioned brands may be property of their respective owners.